Comments on: Swamplot Price Adjuster: $2 Million Plus In Town

By: Tangyjoe

Tangyjoe — Tue, 01 Sep 2009 21:19:33 +0000

A designer once told me you can buy old books by the yard if you want some nice old looking books for a space. It was a few years ago but I’m sure you can still do this.

I suppose someone who would buy a house like the one above might also be inclined to fill it with books just for show.

By: marketingwiz

marketingwiz — Tue, 01 Sep 2009 20:26:35 +0000

Based on the photos, I’d say a more appropriate price range would be between $950K and $1.1 million. It is bland and uninspired, almost institutional looking. And unless you’re a public library, I cannot imagine what will fill ALL those bookshelves.

By: JPSivco

JPSivco — Tue, 01 Sep 2009 19:15:34 +0000

You can walk to the Junior League!! it is a very pretty little gated place with neat cobblestones everywhere, but the neighborhood is all office space. Hell, im looking out of my office RIGHT NOW and into a neighbor’s 2nd floor porch!
….
$500 a SF is unrealistic. It amazes me that people try this! I see it often enough that i cant call it dishonest. when a delusional person tells you something untrue, they are not conveying bad information on purpose, i guess. This is listed for 2x. It might even go for less than a million.

By: Lauren

Lauren — Tue, 01 Sep 2009 19:02:15 +0000

Aw, it ain’t that bad. Nothing a little Garden Ridge Pottery can’t spruce up (or maybe even World Market!!!).

I’d pay ~$400,000 ($100k more than my original thought since Fayez Sarofim would be a neighbor).

By: Hugo

Hugo — Tue, 01 Sep 2009 17:49:07 +0000

$1,350,987

By: Jim

Jim — Tue, 01 Sep 2009 16:32:29 +0000

I don’t know… if I were a dumb lottery winner or if I’d just received a big inheritance, and wanted to move from my 1-BR Class B into something fancy in a fancy location with no yard work RIGHT NOW, I’d jump at this, at or close to list. I mean, look at all those shelves for all the art and stuff I’m gonna buy!

Hold on though… where’s the pool?

By: SuSu

SuSu — Tue, 01 Sep 2009 14:25:16 +0000

Needs more shelves.

By: Random Poster

Random Poster — Tue, 01 Sep 2009 12:24:21 +0000

The wood flooring looks horrible, the kitchen cabinets look cheap (which likely means that they are outrageously expensive), and the view is disappointing.

If you want the place to sell quickly, price it at $750K. If you want the place to sell within a few years, price it at $1.25 Million. If you want the place to sell within this century, price it at $1.75 Million. And if you just want to delude yourself into thinking that the place will sell eventually, price it at $2.15 Million.

By: justguessin

justguessin — Tue, 01 Sep 2009 05:46:11 +0000

While I do not have much to spend (no where near even $1/2 million), I still have standards of not living above the garage. And, I can. In a relatively decent neighborhood….with only occasional (1-2 times/year) visits by a local crackhead for $$.

In fact, I don’t even have a garage, and yet, based on recent sales in the neighborhood, I expect a 25% appreciation at least on my property if I sell in the next few years.

Im my humble observances, I have noticed that the new construction only maintains plateau value or loses it while the older homes in the area gain. Sure, many homes may be sold for lot value, but if you buy a 60 year old home vs a 5-10 year old home, the difference is relative. (See low-end River Oaks, West U, Bellaire, Heights, Braeswood, etc).

In the Heights, the kept-up bungalows outpace the new-builds (on a square-footage basis) by far. They also sell in a few days (with many offers) vs months.

By: John

John — Tue, 01 Sep 2009 02:22:30 +0000

I think the seller in on crack. $2M for a garage with bland living quarters above it?

By: Poyea

Poyea — Tue, 01 Sep 2009 01:18:59 +0000

Umm, not to mention, did anyone notice the homeowner fees of $1,800+/quarter ($600+/month)…just plain crazy.

By: Doofus

Doofus — Tue, 01 Sep 2009 00:21:01 +0000

Other than a great location, this place is simply lacking… Location and size alone would put it around $1.2. I am also wary of any listing that doesn’t show bathrooms.